$7,066 Closing Credit*
$595,000
1,344 SqFt
3 Beds
•2 Full Baths
Rustin Scott, Listing Office: Five Star Real Estate (Main)
Is Wayland, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Wayland was a Seller's Market.
Key Takeaway
Wayland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Wayland, MI
How much do homes in Wayland, MI cost?
Median Sold Price
$324,950
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,950(+6.5%)
Key Takeaway
Homes in Wayland have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Wayland was $324,950 in November 2024, up 6.5% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | - | N/A |
| 2 Bedrooms | $260K | $279K | +7.3% |
| 3 Bedrooms | $300.7K | $309.9K | +3.0% |
| 4 Bedrooms | $324.9K | $349.9K | +7.7% |
| 5+ Bedrooms | $392.4K | $355K | -9.5% |
Summary: Wayland housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 9.5%.
Median Sold Price Compared To Nearby Cities
| Wayland Township | $304.9K | $325K | +6.6% |
| Wayland | $305K | $324.9K | +6.5% |
| Leighton Township | $340K | $350K | +2.9% |
Housing Supply in Wayland, MI
How many homes are available in Wayland, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 29 | -32.6% |
Summary: The Wayland real estate market had 29 homes for sale in November 2024, a 32.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 15 | 11 | -26.7% |
| 4 Bedrooms | 17 | 11 | -35.3% |
| 5+ Bedrooms | 4 | 1 | -75.0% |
Summary: The Wayland housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 26.7%, 4 bedroom homes decreased by 35.3%, and 5+ bedroom homes decreased by 75%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 4 | -73.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wayland, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Wayland in November 2024, down by 73.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Wayland, MI
How long does it take to sell a home in Wayland, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 82 Days | 30 Days | -63.3% |
Summary: Homes in Wayland had an average of 30 days on market in Nov 2024, down by 63.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wayland are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Wayland; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
